Cotton Futures Decline as China’s Import Demand May Ebb
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Cotton futures fell for the first time in a week on concern that demand may ease in China, the world’s top importer. Sugar and cocoa also dropped, while orange juice and coffee advanced.
China plans to sell cotton from reserves soon to meet demand from textile producers, the National Development and Reform Commission said on Dec. 28. In the week ended Dec. 27, exports sales of upland cotton from the U.S., the biggest shipper, fell 36 percent from a week earlier, government data showed today.